https://orcid.org/0000-0002-3799-9765
Figures & data
Figure 1. The link between financial development, monetary policy and the interest rate pass-through process.
Source: Author’s elaboration
Table 1. Description and measurement of variables
Table 2. The principal component analysis results
Figure 2. Scree plot of eigen after PCA.
Source. Author’s computation from PCA.
Table 3. Descriptive statistics
Table 4. Correlation coefficient
Table 5. Unit root analysis
Table 6. Impacts of financial development and monetary policy on interest rate pass-through
Table 7. Sub-sample (1981–2011): Impacts of financial development and monetary policy on interest rate-pass-through
Table 8. Sub-sample (1991–2021): impacts of financial development and monetary policy on interest rate-pass-through
Table 9. Robustness check: the ECM procedure